BTC and the 50SMA

30 Mar 2018

We saw the 50 week hold last bubble, so let's hope it will hold and push us on some more reasonable level, like 500 billion of market cap. And let's hope the year long bear market will not repeat. But things are not the same this time, no MtGox crash, no extensive FUD, more mainstream awareness and also more awesome projets that are starting to show the real potential of this public ledger technologies. This is just weak hands, who are not hyped any more, let's just remember that the total market valuation is very small for this kind of international market, and that Wall street is not in. So just HODL, but next time I see that kind of exuberance in this market, I'll definitively short!